Recently, Anthony Pompliano – a co-founder of Morgan Creek Digital – talked about how Fidelity Investments is venturing the digital currency market. He said that the firm wants to offer its customers the most popular digital currencies in the market such as XRP (XRP) and Bitcoin (BTC). Recently, Ran Neuner interviews him on CNBC’s Crypto Trader latest episode.
During the interview, Pompliano said when the service of the Fidelity is fully ready – which is soon – the firm would only offer a few options. He said this is because their customers would only want the digital currency with the largest market capitalization. He said most organizations are foundations, pension funds, sovereign wealth funds, etc. As a result of this, they don’t consider the cryptocurrencies at the bottom of the market as viable investment options. They are looking for large investments with very little risk; this is why don’t usually exceed the top five digital currencies by market cap.
There number one investment choice would be Bitcoin (BTC). However, they want to extend their investors to the second and third largest digital currencies by market cap – Ethereum and XRP (XRP) respectively. But it doesn’t seem like they would go beyond this point except other coins surge higher and replace either Ethereum or XRP (XRP).
Pompliano’s Comment About Binance Hack
Pompliano also commented on the recent hack on Binance – one of the top digital currency trading platforms in the world. He pointed out that the network of Bitcoin wasn’t hacked, it was Binance that was hacked. A firm was hacked, not the ledger. Only the hot wallets of the firm were touched, as the cold storage was safe and untouched. He also used that medium to remind crypto holders that a digital currency is not theirs unless they hold the keys.
Ripple XRP Price Prediction
XRP (XRP) Price Today – XRP / USD
At the time of writing, the XRP USD live price is $0.3120 after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $12.80 billion. The trading volume of XRP (XRP) over the past twenty-four hours is $1.22 billion.
Ripple XRP News Today – Customers would notice XRP’s speed
The underlying technology of most cryptos – blockchain – is one of the most useful and innovative technologies the world has ever seen. One cryptocurrency that has solved a lot of problems and proven to be very useful in the crypto space is XRP (XRP). The price of XRP. has also been very impressive, and it has bagged several partnerships, bullish XRP price prediction 2019, and XRP news, thanks to its parent firm – Ripple.
Ripple has secured a lot of partnerships over the years. It is a San Francisco-based blockchain startup that provides international settlement protocols. Ripple has some cross-border payment protocols including, xRapid (which uses XRP), xCurrent, xVia, and RippleNet.
The early stage of the crypto industry was a really big challenge. When Bitcoin (BTC) emerged in the crypto space, many people called it different names. Some called it a scam, while others said it was a Ponzi scheme. Even some top players in the tech industry called it a bubble. However, as the years go by, many are beginning to see the potentials and benefits of digital currencies. Source: Smartereum
According to the latest XRP news on cryptopolitan; Ripple has been trying to expand its range of influence by partnering up with big corporate institutions and providing them its technology. Recently it had partnered up with the Bank of Kuwait.
The partnership between the two financial giants of their respective industries has been designed to increase the rate of efficient international transactions.
The chief transformation officer of The Bank of Kuwait recently gave his views on the technology provided by Ripple and how it has helped the Bank connect better with its subdivisions. He is optimistic about the success of this mobile app and said that the only remark the customer will give about it will be that it is fast.
The sole purpose of this whole arrangement was to make international payments faster. The chief operating officer also discussed the partnership stating that the bank partnered up with Ripple because they share the same vision of reimagining an easier to use the banking system.
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